1st Apr 2014 08:29
LONDON (Alliance News) - Westminster Group PLC said Tuesday that it had won a contract worth USD2.6 million to supply a vehicle-screening system for a border security project in Asia.
Westminster, a fire, safety and security technology company, said it expects to bill the majority of the proceeds from the contract in its current financial year.
The system will enable the project to screen lorries and vehicles crossing a boarder for the detection of illegal cargo and contents. After the initial installation of the contract, Westminster intends to extend the programme to other border crossings in the country involved.
Westminster said there was potential for recurring revenue via multi-year maintenance agreements.
The company did not name the country involved.
Shares in Westminster were trading up 3.1% at 73.70 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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